Daily News: May 15, 2014

PNC Agents Cincinnati Financial Facility Amendment

Cincinnati Financial and its subsidiary CFC Investment Company entered into an amended and restated credit agreement with PNC Bank as administrative agent, PNC Capital Markets as sole bookrunner and joint lead arranger, Fifth Third Bank as joint lead arranger and syndication agent, and The Huntington National Bank and U.S. Bank as documentation agents.

The credit agreement amends and extends the current $225 million unsecured revolving credit facility dated May 31, 2012, with the same banks. Key changes under the current credit agreement are: extending the expiration date by two years to May 13, 2019, adding a facility for issuance of letters of credit, expanding the definition of “permitted liens” and lowering applicable interest rates.